MPIX Daily Chart ~ The Channeling Continues as Wai

MPIX Daily Chart ~ The Channeling Continues as Wait for the Meat

Per a few requests, here's the daily chart which continues to show the channel that MPIX has been trading in. Simply stated, there's not much new. The stock needs to get up and over the .019/.02 resistance line. A move and hold above the MA50 at .016, with volume, would be an important technical event to me. We've been waiting for weeks now, but unfortunately there's been a lot of work by management to correct the wrongs and utter mismanagement from previous (insert you own adjective) 'management'. But what is almost equally as disturbing or damaging is the constant selling which, imo, has been ex-management. Those of you following along closely have seen the stock move on air from the .012s to .016s on less than 1 million shares. But as soon as the hired gun returns to sell thru ATDF, we see the ask increase dramatically and the large bidwhacks continue. For those of you that haven't read the financials that were issued yesterday, you might want to go to the restated Annual Report ending December 30, 2012. Scroll down to Page 11 and read. I believe you'll all begin to understand why I've thought for months that almost all the selling has come from ex-management. It was always my opinion who it was. Go read and draw your own opinion.

Ok, over and out for the weekend! You all have a fantastic weekend. The MPIX/ZZYX Show is about to begin.

MPIX Daily Chart